Spirent Communications (LON:SPT) Stock Crosses Above Two Hundred Day Moving Average of $127.76

Spirent Communications plc (LON:SPT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.76 ($1.59) and traded as high as GBX 196 ($2.44). Spirent Communications shares last traded at GBX 193.50 ($2.41), with a volume of 953,323 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Numis Securities upped their price objective on shares of Spirent Communications from GBX 155 ($1.93) to GBX 240 ($2.99) and gave the stock a “buy” rating in a report on Friday, March 8th. Canaccord Genuity Group upped their price objective on shares of Spirent Communications from GBX 172.50 ($2.15) to GBX 199 ($2.48) and gave the stock a “hold” rating in a report on Wednesday, April 10th.

Spirent Communications Stock Performance

The company has a debt-to-equity ratio of 5.70, a current ratio of 1.93 and a quick ratio of 1.95. The company’s fifty day simple moving average is GBX 162.82 and its two-hundred day simple moving average is GBX 128.62. The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 6,433.33, a P/E/G ratio of 5.73 and a beta of 0.53.

Insider Activity at Spirent Communications

In related news, insider Paula Bell sold 26,889 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.19), for a total transaction of £47,324.64 ($58,912.78). 4.09% of the stock is owned by insiders.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.